In a Jan. 4 VMG Health survey of 141 health system executives, including CEOs, CFOs and COOs, labor shortages ranked as the most prominent expected financial challenge in 2024.
Here are the nine most prominent financial challenges health systems expect to face this year:
Labor shortage/contract labor: 77%
Physician enterprise losses: 40%
Aging infrastructure/reinvestment in physical plant: 34%
Payer contract negotiations: 31%
Capital accessibility: 28%
Payer mix shift: 26%
Supply and drug costs/supply chain challenges: 21%
Information technology investment requirements: 18%
Competitive investment by others: 16%
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.